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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Full Employment Change climbed to 17.4K in August 2013
FMPMonthlyReleased September 2013
Canada Full Employment Change climbed to 17.4K in August 2013, released September 2013, up 35.7K from July's -18.3K reading.
Latest Release
17.400000
Actual
—
Consensus
-18.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Full Employment Change (Canada) was reported at 17 thousand in September 2013. The reading rose from the previous value of -18 thousand.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD). A secondary relationship exists with CAD/JPY, positively correlated (Bullish CAD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Current Account (May 28) and Financial Stability Report (May 28).
Auto-generated from current model state · Refreshes on each release · Last update September 2013.
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Full Employment Change - CA
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About Full Employment Change — Canada
DEFINITION
Full Employment Change is a key financial indicator that measures the net change in the number of employed individuals within a specific economy. It provides valuable insights into the overall health and strength of the job market, as well as the level of economic activity and consumer spending. A positive change in full employment indicates a growing economy and potential for increased consumer confidence, while a negative change may signal a slowing economy and potential for decreased consumer spending. This indicator is closely monitored by economists, policymakers, and investors as it can have a significant impact on various sectors and industries.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Sep 2013): actual 17.4 K.
WHAT'S NEXT
This indicator correlates most strongly with USD/CAD (Bullish CAD, r=-0.50) — a useful reference for forex-focused traders.